Headlines
▌Reuters: The U.S. SEC may Weekly approval for issuance of Bitcoin spot ETF
On Thursday and Friday, asset management hopes to be the first to receive approval to launch an ETF linked to the spot price of Bitcoin. The company updated its filing with the U.S. Securities and Exchange Commission (SEC) as market participants said the regulator could make a decision soon. As of late Friday afternoon, BlackRock, VanEck, Valkyrie, Bitwise Investment Advisors, Invesco. Fidelity, WisdomTree and Ark's joint venture with 21Shares have all made new filings with regulators. People familiar with the filing process said issuers that meet the year-end filing revision deadline may be able to go public before January 10. Under the rules, the SEC has until January 10 to approve or reject the Ark/21Shares ETF. The SEC could notify issuers as early as Tuesday or Wednesday that they will be allowed to list next week, these sources said.
▌Chairman of the Hong Kong Securities Association: Virtual assets will run out of this economic cycle< /p>
Gao Juan, chairman of the Hong Kong Securities Association and CEO of Victory Securities, said in the latest interview that virtual assets will run out of this economic cycle. She believes that in the 2010s, new economy and technology and Internet stocks led to the market "one wave higher than the other"; by the 2020s, the same effect will fall on virtual assets. In 2024, the value of traditional financial assets will be the same as that of virtual assets. Assets go their separate ways, and virtual assets will usher in a harvest period. In addition, Gao Juan also pointed out that if securities companies want to transform their asset management, they need to re-adjust their manpower. On one hand, they need to lay off employees engaged in "No. 1" (engaged in brokerage stocks, bonds and fund trading), and on the other hand, they need to hire "No. 9" employees. "(asset management) talents.
Quotes
As of press time, according to coinmarketcap The data shows:
BTC's recent transaction price was US$42,370.00, with intraday increases and decreases< strong>+0.52%;
ETH’s recent transaction price was US$2,302.33, with intraday gains and losses< span style="color: rgb(0, 176, 80);">+0.03%;
BNB The recent transaction price was US$318.62, with intraday changes +1.34%;
>%;
DOGE’s recent transaction price was US$0.09039, with intraday gains and losses-0.97%;
ADA’s latest transaction price 0.6044 US dollars, intraday change -0.90%;
SOL's recent transaction price was US$102.60, with an intraday increase or decrease-3.67%.
Policy
▌Coinbase Chief Legal Officer: Regarding the Department of Justice’s decision not to bring campaign finance charges against SBF, I think it was a mistake
Coinbase Chief Legal Officer paulgrewal.eth at X Some thoughts on the Justice Department's decision not to bring campaign finance charges against SBF, the platform said, "I think that was a mistake." Frontline prosecutors and supervisors have far more information about a case than anyone on the outside. So I'm always reluctant to second guess an institution full of good people trying to do the right thing. Resources and efficiency, as well as issues of extradition, are all factors worth considering when weighing up a second trial for a man who should have been gone for a long time anyway.
▌Chairman of the Hong Kong Securities Association: Virtual assets will run out of this economic cycle< /p>
Gao Juan, chairman of the Hong Kong Securities Association and CEO of Victory Securities, said in the latest interview that virtual assets will run out of this economic cycle. She believes that in the 2010s, new economy and technology and Internet stocks led to the market "one wave higher than the other"; by the 2020s, the same effect will fall on virtual assets. In 2024, the value of traditional financial assets will be the same as that of virtual assets. Assets go their separate ways, and virtual assets will usher in a harvest period. In addition, Gao Juan also pointed out that if securities companies want to transform asset management, they need to re-adjust their manpower. On one side, they need to lay off employees engaged in "No. 1" (engaged in brokerage stocks, bonds and fund trading), and on the other hand, they need to hire "No. 9" employees. "(asset management) talents.
Blockchain Application
▌Grayscale CEO: GBTC has already confirmed Jane Street and Virtu as APs for its spot Bitcoin ETF in May this year
Grayscale CEO is here A post on social media stated that Grayscale had already confirmed in the documents submitted in May this year that after GBTC was converted into a spot ETF, Jane Street Capital and Virtu Americas were the authorized traders (Authorized Participants) of its ETF.
▌Former Ethereum Foundation consultant: Vitalik Buterin used Web3 to deceive the world when Web3 was in its infancy
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Steven Nerayoff, who has served as an advisor to the Ethereum Foundation, said that Vitalik Buterin used Web3 to deceive the world when Web3 was in its infancy. Nerayoff's comments were in response to Buterin's statement that the vision for Web3 has been lost. Nerayoff has made multiple accusations against Buterin and US SEC officials. Nerayoff said Buterin and his colleagues "secretly controlled" Web3 in its infancy and exploited it for personal gain.
Cryptocurrency
When the US SEC requires cash redemption, it hopes to minimize the number of intermediaries in spot Bitcoin ETFs. To make them more controllable
Bloomberg senior ETF analyst Eric Balchunas said in an interview that many ETF applicants have used cash to create redemptions Pattern updated its filing. As of December 22, seven applicants had their applications fixed as cash creation, while seven other applicants had registration statements containing both cash creation and in-kind modes. Most existing ETFs involve physical creation, meaning that when intermediaries want to issue new ETF shares, they use real assets like Bitcoin to provide funds to companies like BlackRock. That's how 90% of ETFs work, it's physical. Only 10% is cash.
▌For the first time this year, Bitcoin’s annual security budget accounted for a higher proportion of market capitalization than the previous year p>
According to a post by DefiLlama contributor Kofi on the rising to 1.9%), the security budget is the amount of money miners earn to keep the network secure. When this value is higher, the 51% attack cost is higher and vice versa.
▌Reuters: The U.S. SEC may approve the issuance of a Bitcoin spot ETF next week
Asset managers hoping to be the first to win approval to launch an ETF tied to the spot price of Bitcoin updated their filings with the U.S. Securities and Exchange Commission (SEC) on Thursday and Friday, as market participants said regulatory concerns The agency is likely to make a decision soon. As of late Friday afternoon, BlackRock, VanEck, Valkyrie, Bitwise Investment Advisors, Invesco. Fidelity, WisdomTree and Ark's joint venture with 21Shares have all made new filings with regulators. People familiar with the filing process said issuers that meet the year-end filing revision deadline may be able to go public before January 10. Under the rules, the SEC has until January 10 to approve or reject the Ark/21Shares ETF. The SEC could notify issuers as early as Tuesday or Wednesday that they will be allowed to list next week, these sources said.
Important Economic Updates
▌The average monthly turnover of Victory Securities’ virtual asset business reaches US$10 million, with Bitcoin investment accounting for 80%
Shengli Securities According to data disclosed by executive director Chen Peiquan, since the company launched virtual asset trading services, the average monthly turnover has reached 10 million US dollars, and its virtual asset business has made profits. He believes that related customers will maintain a multiple growth rate next year. Chen Peiquan said that currently investors mainly invest in Bitcoin, accounting for about 80% of their overall virtual asset investment. Chen Peiquan also revealed that next year Victory Securities will integrate its stock and virtual asset platforms in the hope of becoming a one-stop platform to facilitate investors to buy and sell virtual assets. Next year, Bitcoin will usher in a halving that occurs every four years, and the Federal Reserve may start During the interest rate cut cycle, I believe that virtual assets will usher in another bull market.
Golden Encyclopedia
▌ What is a full node?
All miners are full nodes, but not all full nodes are miners. Miners are the producers of blocks, while full nodes are the librarians of the blockchain network. Full nodes maintain a complete copy of the blockchain, ensuring that every transaction complies with network rules. They verify the legality of transactions and blocks and reject transactions and blocks that violate the rules. Non-mining full nodes do not create new blocks, but play an important role in maintaining the integrity of the network. They check the work of miners and ensure that network consensus rules are followed.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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